Financial Analyst for Real Estate Portfolio Management

1 week ago

Toronto, Ontario, Canada Infrastructure Ontario Full time

Infrastructure Ontario is a crown corporation that provides services to support the modernization and value maximization of public infrastructure and realty. With a strong reputation domestically and internationally, we deliver complex commercial and land development solutions for the Province.

Job Description

We are seeking an experienced Financial Analyst to join our GREP Finance team. The successful candidate will be responsible for operationalizing the client billing process for project-related activities, ensuring timely and accurate recovery of Ministry-funded projects and collection of billings to clients.

Key Responsibilities:
  • Operationalize the client billing process for project-related activities for the General Real Estate Portfolio (GREP), including timely and accurate billing of monthly project value of work to ministries.
  • Operationalize and consolidate accounts receivable reporting for GREP, including those maintained by service providers through their A/R subledger; prepare summary reports with meaningful insights and analysis, follow up with ministries and other clients on a timely basis.
  • Support manager to ensure appropriate internal controls are maintained over all accounts receivable processes, escalating and investigating any discrepancies.
  • Prepare aged accounts receivable reports with meaningful insights to client management and project management teams for follow-up and escalation with ministries and agencies.
  • Prepare quarterly inter-ministry reconciliation reports with additional details in the Province's format to send out to ministries with Agency clients for reconciliation and confirmation.
  • Prepare A/R and Revenue details for annual public accounts reporting.
  • Ensure A/R subledgers are reconciled to the GL, to ensure completeness and accuracy of transactions recorded in the GL.
  • Assist in special assignments, including financial systems and new service provider integrations.
Requirements

To be successful in this role, you will require:

  • Progressing through CPA program (preferred).
  • A few years of finance or business experience.
  • Proficiency in MS Excel, MS Word, and PowerPoint.
  • The following specialized knowledge would be assets for the job:
  • Yardi financial system.
  • Understanding of generally accepted accounting principles (GAAP), internal control processes.
  • Good understanding of Real Estate and construction projects accounting practices.
Benefits

As a valued member of our team, you can expect a comprehensive benefits package, including a defined contribution pension plan, group retirement savings plan, and group tax-free savings account. You will also have access to virtual healthcare options, flexible hybrid work arrangements, and opportunities for professional development.

Estimated Salary: $62,600 - $93,900 per year

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